January 25, 2023
What Is Deposit In Transit & How to Account For It?
For example, a restaurant or a busy retail store both process a lot of transactions and take in a lot of cash. They …
October 21, 2022
Public Accounting: Careers, Skills, and How to Become a CPA
9.1.14 For all adjustments required to achieve uniformity of accounting policies, the double entry will be to the …
September 22, 2022
Process Costing System: Examples, Methods, and Steps
The cost of raw materials can also affect the choice of a process costing method. If the cost of raw materials …
March 30, 2022
What is a calendar year?
The calendar year is also called the civil year and contains a full 365 days or 366 for a leap year. The Gregorian …
March 16, 2022
Accrued expenses definition
We’ve highlighted some of the obvious differences between accrued expenses and accounts payable above. But the …